Aluf Holdings Inc (AHIX)

[Slojab]

Losses have increased, as usual.

https://www.otcmarkets.com/otcapi/company/financial-report/386705/content

And for these terrible results, year after year after year, the salaries of these misfits keep increasing as well.

Employment agreements
Effective May 1, 2022, the Company entered into an employment agreement with our chief executive officer for a period of not less than two years with automatic renewals every two years. Under the terms of the agreement, the executive will receive an annual base salary of $250,000 plus bonuses based on Company performance. Executive also received, as a hiring bonus, the equivalent of 50% of the Company’s currently issued and outstanding common stock on a non-dilutive basis. The shares are restricted and will remain in book-entry with the transfer agent. On August 1, 2023 the chief executive officer was terminated without cause.
Effective June 1, 2011, the Company entered into an employment agreement with our chief financial officer for a period of two-years with automatic renewals every two years, unless advance notice is given to amend or terminate the agreement. Effective August 1, 2017, an annual salary increase to $225,000, plus additional cash and stock bonus compensation was granted by the board of directors. The company has not made certain cash payments due under these agreements. On May 22, 2018, approximately $825,000 of accrued salary and benefits was exchanged for 375,000,000 shares of restricted common stock and 37,500,000 share of Series B preferred stock. On December 30, 2022, an additional $60,000 in accrued benefits was converted into 3M shares of restricted common stock. On July 25, 2023 approximately $88,742 of accrued salary and benefits was converted into approximately 88,742,000 shares of restricted common stock. As of September 30, 2023, there is an unpaid balance of approximately $6,250 in accrued benefits payable and unpaid balance of
accrued salary.